Civic Intelligence

Alpha Sigma Phi Fraternity Inc

990EZ • Fiscal year 2022 • EIN 47-4086325

Jul 01, 2021 to Jun 30, 2022 • Filed on May 30, 2024

142 Langton StreetMadison, WI 53703

(317) 843-1911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

50th percentile

2.6%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

98th percentile

180%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

35%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,074

Up $1,977 (+180%) from 2021

Net Assets

Up

$3,074

Up $1,977 (+180%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$75,000

Up $19,489 (+35%) from 2021

Expenses

Up

$73,023

Up $17,686 (+32%) from 2021

Net Income

Up

$1,977

Up $1,803 (+1036%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0K$3.0K$2.0K$1.0K$0Assets 2019: $290Liabilities 2019: $0Net Assets 2019: $2902019Assets 2021: $1,097Net Assets 2021: $1,0972021Assets 2022: $3,074Liabilities 2022: $0Net Assets 2022: $3,0742022

Highlighted filing

2022

Assets$3,074
Liabilities$0
Net Assets$3,074

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0Revenue 2019: $183,555Expenses 2019: $135,422Net Income 2019: $48,1332019Revenue 2021: $55,511Expenses 2021: $55,337Net Income 2021: $1742021Revenue 2022: $75,000Expenses 2022: $73,023Net Income 2022: $1,9772022

Highlighted filing

2022

Revenue$75,000
Expenses$73,023
Net Income$1,977
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 30, 2024
Return Version
2021v4.0
Gross Receipts
$75,000
Mission and Program Overview

Mission

Chapter of national fraternity founded up the values of character. Our values call us to better ourselves through our actions and words. These are the values we espouse: silence, charity, purity, honor and patriotism.

Social Club - Fraternity. 58 Members.

Program Services

DescriptionGrantsExpenses
Social Events/Gatherings--
Member Education and Enrichment--
Community Service and Philanthropy--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AJ SpeedPresidentPT$0--
AJ MagasinnVice PresidentPT$0--
Dilan GargVP Of FinancePT$0--
Kellan McCannVP Of Philanthropy-$0--
David VargasVP Of Affairs-$0--
Michael GentlemanVP Of Communications-$0--
Sam GibbonsSergeant-At-Arms-$0--
Nick JacobyVP Of Recruitment-$0--
Jeff DeissVP Of Rituals And Traditions-$0--
Filing and Contact Details

Filer

Filer Name
Alpha Sigma Phi Fraternity Kappa Chapter
EIN
47-4086325
Phone
3178431911
Address
142 Langton Street, Madison, WI 53703

Signing Officer

Name
Aaron Goldstein
Title
President
Phone
3178431911
Signed
2024-05-30
Discuss with paid preparer
Yes

Preparer

Preparer
Norman Klonowski CPA
Phone
5869426583
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

Grantee: Alpha Sigma Phi Fraternity, Inc. 8347 West Range Cove, Memphis, TN. 38125. Amount: $17,625. Relationship: Central Organization. Classification: Payment to Affiliate: Dues, Insurance, and Brotherhood Activities.

Form 990-EZ, Part I, Line 16

Chapter Operations: $38,523.

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VP of Philanthropy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VP of Affairs
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5VP of Communications
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Sergeant-at-Arms
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7VP of Recruitment
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VP of Rituals and Traditions
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grantee: Alpha Sigma Phi Fraternity, Inc. 8347 West Range Cove, Memphis, TN. 38125. Amount: $17,625. Relationship: Central Organization. Classification: Payment to Affiliate: Dues, Insurance, and Brotherhood Activities.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0I am requesting an abatement of any penalties or late filing fees for the late filing of Kappa's TY 21 (FY 22 6/30/2022) tax Form 990-EZ, for "reasonable cause". I acknowledge and sincerely apologize for the late filing of our Chapter's TY 21 tax Form 990-EZ. Kappa is a tax exempt organization operating under IRS Code Section 501c7. Kappa is a college fraternity supported by dues paying members to provide an opportunity for members to commingle, engage in personal contact, pursue common goals, and aspirations. Personally, I am the current President for the fraternity, and I am responsible for the ultimate filing of the tax Form 990. The governance responsibilities of a college fraternity are extremely fluid due to officers continually being in transition annually due to graduation from school. Our new governance structure took action (completion/filing the tax return) as soon as we became aware of the 990 filing requirements. Unfortunately, such corrective action was also protracted since our Chapter had to familiarize itself with the detailed Form 990 informational filing requirements, aligning our historical financial information with the 990 requirements, along with an associated search for a Certified Professional Accountant (CPA) for tax return preparation/assistance. This coupled with the issued created by the Covid pandemic I believe were the primary reasons for our late filing. Going forward, Kappa intends to comply with all Form 990 filing requirements. Finally, I have designed procedures to ensure that future officer transition will include the Form 990 filing requirements and associated completion procedures. Again, I sincerely apologize and hope that you will consider the abatement of any penalties or late filing fees owed for "reasonable cause". I am willing to provide any clarifications that you may require. Please feel free to contact me at 860-882-2430. Sincerely, Aaron Goldstein, President, Alpha Sigma Phi Fraternity Kappa Chapter
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ReturnHeader/PreparerPersonGrp/PhoneNum05869426583
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Norman Klonowski CPA
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ReturnHeader/ReturnTs02024-05-31T13:56:55-07:00
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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Filings